Alibaba Cloud Fault On Sunday Hampered Crypto Transactions; Service Got Restored Later In The Day

Alibaba Group Holding Limited BABA cloud computing unit Alibaba Cloud suffered a system failure on December 18.
The fault led to suspending cryptocurrency withdrawals on the OKX exchange and disabling websites at Macau’s monetary authority and other businesses, the SCMP reports.
An equipment aberration at an Alibaba Cloud data center in Hong Kong affected the regular use of ECS (Elastic Compute Service), [database], and other cloud products in Available Zone C in the region, the OKX tweeted.
Also Read: Alibaba Cloud Steps Up Rivalry With Latest Move, Launches Data Center Equivalent To Google's Silicon Valley Headquarters
Alibaba Cloud partner in Hong Kong managed the data center.
OKX said an erratic connection error with its cloud provider affected the user experience after users complained about difficulties in withdrawing funds.
OKX later tweeted that cloud services have resumed but have not entirely stabilized yet.
The fault hampered the websites and apps operated by the Monetary Authority of Macau, Galaxy Macau hotel, Lotus TV Macau, and food delivery platform MFood.
By December 18 evening, the websites of Galaxy Macau, Lotus TV, and MFood were still inaccessible.
On December 18 night, Alibaba informed regarding the restoration of regular services.
Alibaba Cloud, or Aliyun, has been a market leader in Asia as the largest Infrastructure-as-a-Service (IaaS) provider by revenue, and the third largest worldwide for four consecutive years through 2021, the report cited market researcher Gartner.
Alibaba Cloud had the most significant IaaS market share in Hong Kong in 2020.
Alibaba Cloud launched its third data center in Japan to support the growing digital transformation demands from customers in the country.
Price Action: BABA shares closed higher by 0.67% at $86.79 on Friday.
Photo by Fooksou Lamimo via Wikimedia Commons

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